LORDSTOWN? Never heard of them

[meomyo]

Lordstown Begins Delivering Electric Trucks to Customers, Against All Odds

Having survived fires and fleeing executives, Lordstown has managed to start shipping vehicles to customers.

www.thedrive.com

 

[Cosmacelf]

Lordstown Begins Delivering Electric Trucks to Customers, Against All Odds

Having survived fires and fleeing executives, Lordstown has managed to start shipping vehicles to customers.

www.thedrive.com

Um, well I guess I give them props for simply surviving, but for how long?

Specs listed on the Lordstown website indicate the truck has just 200 miles of range. Competitors like the Ford F-150 Lightning and Rivian R1T are available with ranges in excess of 300 miles, by comparison. The Endurance is also short on payload and towing ability, too.

 

[HVM]

This long:

Lordstown Motors files bankruptcy, sues Foxconn

Lordstown Motors filed for bankruptcy protection on Tuesday and put itself up for sale after the U.S. electric truck manufacturer failed to resolve a dispute over a promised investment from Taiwan company Foxconn.

www.reuters.com

 

[voyager]

https://twitter.com/x/status/1673740647218528260

 

[EdJack]

https://twitter.com/x/status/1673740647218528260

Insider Trading?

 

[Cosmacelf]

Insider Trading?

Seems like a big time securities violation, but I’m no lawyer. Maybe he is gambling that the fine will be lower than the profits?